-- The number
of households spending more than 50 percent of their income on rent is expected to rise at least 11 percent from 11.8 million to 13.1 million by 2025, according to new research by Harvard University's Joint Center for Housing Studies (JCHS) and Enterprise Community Partners Inc (Enterprise).
Renter households had a higher share
of households spending 30 per cent or more on shelter — 40.3 per cent in 2006, compared with 39.6 per cent in 2001.
The median rent paid in Newark — $ 981 a month, continues to rise, with 57 percent
of households spending more than 30 percent of their household income on rent.
Housing costs: In 2013, Hunterdon saw a sharp increase in the percent
of households spending more than the recommended 30 percent of income on rent, from 40 to 51 percent.
While it's too soon to know what economic effect the strike might have, significant participation could make an impact — after all, women make up nearly half of the U.S. labor force and influence about 73 %
of all household spending.
Because moms control 85 %
of household spending countless retailers have set their sights on effectively marketing to them to grab a share of that spending.
In an interview, Bullard says he believes the Fed risks losing credibility with the public by ignoring the prices of goods that account for a substantial share
of household spending.
Households now seem to have entered a period of greater financial caution, and this may act as a restraining influence on the growth
of household spending for a while to come.
Despite this, for most of the U.S. population, food actually makes up a decreasing portion
of their household spending mix because of rising incomes over time.
The median ratio
of household spending to household income for retirees of all ages hovered around one, inching slowly upward with age.
Recent data suggest that growth
of household spending moderated from its strong fourth - quarter pace, while business fixed investment continued to grow strongly.
Economic growth appears to have slowed recently, partly reflecting a softening
of household spending.
A major contributor to the weakening has been a drop - off in the pace
of household spending, as wages growth and the rate of increase in housing prices have both slowed.
Quick Facts Book â $» United States Census Bureau: As women, we control 80 %
of our household spending and even more relevant in this case, women buy 75 percent of all over-the-counter medications.
«The poorest fifth
of households spend 3.5 % of their disposable income on fuel duty, while the richest spend 1.8 %.»
The bank also expects the powerful pace
of household spending — particularly in residential investment — to eventually slow next year as debt levels and borrowing costs rise.
Considering that the most recent U.S. Bureau of Labor Statistics figures show that housing costs are the biggest component
of household spending, it's not surprising that loans taken out to buy homes are the biggest source of debt for those surveyed by GOBankingRates.
The strong expansion
of household spending, encouraged by a prolonged period of historically low borrowing rates, has created concerns over Canadians» record - high debt loads.
However, they apparently did see some change in composition of other activity in the economy; this statement noted that «growth
of household spending moderated from its strong fourth - quarter pace, while business fixed investment continued to grow strongly.»
Economic growth appears to have slowed recently, partly reflecting a softening
of household spending.
If possible, have your child participate in
some of the household spending decisions and encourage them to come up with ideas on how to save money.
It represents, on average, one - third
of household spending.
Our source again is the StatsCan study
of household spending.
«Recent data suggest that growth rates
of household spending and business fixed investment have moderated from their strong fourth - quarter readings.»
That's why Effron founded GoGirl Finance, a personal finance blog geared towards the modern working woman — women who are the primary breadwinner in their homes, making the majority
of household spending decisions, and controlling the majority of America's private wealth.
Poole pointed to strength in home and auto sales and the resilience
of household spending to support his prediction.
Housing as percent
of household spending 1987: 31 % 1997: 32 % % change: +1.0 % Average annual household spending 1987: $ 34,493 1997: $ 34,819 % change: +0.9 % Shelter 1987: $ 5,869 1997: $ 6,344 % change: +8.1 Household Services 1987: $ 524 1997: $ 548 % change: +4.5 Utilities, fuels, public services 1987: $ 2,361 1997: $ 2,412 % change: +2.2 Furnishings and Equipment 1987: $ 1,458 1997: $ 1,512 % change: +3.7 Housekeeping supplies 1987: $ 482 1997: 455 % change: — 5.6 Figures in 1997 dollars.
«Recent data suggest that growth rates
of household spending and business fixed investment have moderated from their strong fourth - quarter readings.»
In the first two years of retirement, 28.0 percent
of households spent more than 120 percent of their preretirement spending.
Kitchens are an area where the majority
of the household spends most of its time; at least three times a day for breakfast, lunch and dinner.
Not exact matches
Debt levels for the average Canadian
household are moving down (perhaps we've been taking those warnings from the Bank
of Canada to heart), and as a result there's been «modest» growth in consumer
spending, said Ferley.
Paul Ferley, assistant chief economist at RBC, expects positive results for consumer
spending in the quarter overall (up an annualized 2.8 % in Q2 from a weaker Q1), but noted that retailers are still dealing with modest levels
of spending by
households.
Here are three off the top
of my head: Record levels
of household debt threaten future
spending, too many
of our companies need a weaker currency to be competitive, and international energy companies are giving up on Canada as a place to invest.
Much
of the growth in recent years has come from
household spending, which must slow eventually because so much
of that
spending was done on credit.
When lower income
households see a sustained rise in incomes, they
spend virtually all
of it.
One
of my constant points on this blog for the last several years has been that
households» refinancing
of their mortgage debt at lower and lower rates has put more money in their pockets for
spending and for paying down debt.
«I feel like we're missing out on this major opportunity to market to 51 %
of the population, to 60 %
of the wealth and to 80 %
of consumer
spending,» says Meltem Demirors, founder
of Athena Capital, referring to the world's female population, who control the majority
of American wealth and
household spending.
Instead
of discounting the years I
spent parenting, running my
household and volunteering, I inventoried them.
A recent forecast by the Conference Board
of Canada suggests that indebted
households will restrain
spending over the next few years, contributing to slow economic growth.
Proponents
of a real helicopter drop
of money directly into
households» checking accounts argue that a broad - based distribution
of freshly issued cash would directly stimulate
spending and thus employment.
That also means that nearly half
of all
households are either just breaking even, or
spending more money than they make in a year.
Signs that the pace
of decline in
household spending is easing would be welcome for Japan «s fragile economic outlook.
Japan «s unemployment rate held steady in October as the availability
of jobs improved and
household spending fell at a slower pace, a tentative sign that a robust labor market is lending support to domestic demand.
While
household spending is similar in some areas, low - income Americans
spend a significantly larger proportion
of their money on housing, while high - income Americans
spend a much higher proportion on insurance and retirement expenses.
You will also have to make sure that your employees are not
spending more than 9.5 percent
of their
household income on health care.
So, high - earning
households spend significantly more
of their income on Social Security — which is automatically deducted from all earned income for individuals at a rate
of 6.2 % — and payments into retirement plans.
Some
of the biggest question marks: possible shifts in the U.S. consumer's save - versus -
spend mentality, soaring
household indebtedness and the increasing strain on a health - care system that's already struggling.
There are approximately 60 million
households in the U.S. that have a dog, 90 percent people think
of their pup as more than a pet (meaning more money to be
spent) and dogs are living longer.
To do that, economists say Chinese
household spending, which sits at about 35 %
of GDP, has to rise above 50 % — which can't happen overnight.
In some cases, shoppers can save as much as 97 % — welcome news considering American
households are projected to
spend an average
of $ 370.75 this Fourth
of July.